Emerson Electric Q2 2024 Adj EPS $1.36 Beats $1.25 Estimate, Sales $4.376B Beat $4.290B Estimate
Portfolio Pulse from Benzinga Newsdesk
Emerson Electric (NYSE:EMR) reported Q2 2024 adjusted EPS of $1.36, surpassing the $1.25 estimate, and sales of $4.376B, exceeding the $4.290B estimate. This represents a 24.77% increase in earnings and a 16.51% increase in sales compared to the same period last year.
May 08, 2024 | 10:56 am
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Emerson Electric reported a significant beat on both earnings and sales estimates for Q2 2024, with adjusted EPS at $1.36 and sales of $4.376B.
The substantial beat on both earnings and sales estimates for Emerson Electric in Q2 2024, with a notable year-over-year growth in earnings (24.77%) and sales (16.51%), is likely to positively impact investor sentiment and the stock price in the short term. The company's performance significantly exceeded analyst expectations, which typically leads to positive market reactions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100